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Research Summary
Initial public offering (IPO) underpricing reflects the inability of early investors to capture the full value of an entrepreneurial firm. IPO firms can potentially limit underpricing by signaling wealth protection through lower chief executive officer (CEO) power. Such signaling is particularly challenging for many IPO firms, though, because for those doing business in high‐power‐distance...
Drawing on a sample of 288 new ventures from three disperse locations in China, we examine how dysfunctional competition impacts the innovation strategy of new ventures as they mature. Our results show that: 1) innovation strategy has a positive effect on new venture competitive advantage; 2) the impact of dysfunctional competition positively moderates this relationship in the early stages of the...
This paper firstly put forward the source and standard of core competitive power as the breakthrough point to analysis the competitive disadvantages and the existing problems of Chinese medicine enterprises, and then, from the actual development situations of Chinese medicine enterprises, specific analysis of medical enterprise cases are expounded to improve their own competitiveness strategic mode,...
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